Public policy that a company advocates, methods resorted for such advocacy, details of fines, penalties, compounding fees and remuneration of male and female board of directors and key managerial personnel are among a long list of disclosures corporate India would need to make under the new format of the Business Responsibility Reporting (BRR).
Experts have called some of these steps “pathbreaking” towards bringing greater transparency in non-financial reporting which under new norms will become as exhaustive as financial reporting.
The reporting format has increased almost three times from around a dozen pages in the earlier version with a clear focus